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Improve Trade Management with ATM


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  #1 (permalink)
 TrendTraderBH 
Detroit, Michigan
 
Experience: Beginner
Platform: Ninja Trader
Trading: Futures
Posts: 319 since Nov 2011
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I am looking to improve my trade management (or over-management) by getting out of my own way so to speak through the use of ATMs on Ninja - mostly scalping 10-15 ticks. I've looked at a few ATM related threads but didn't see exactly what I seek.

If anyone would like to share the ATM strategies they are using to better manage their trades and the logic behind the strategy. It also would be helpful if you post screenshots of the ATM strategies - target and stop.


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  #3 (permalink)
 
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 vvhg 
Northern Germany
 
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TrendTraderBH View Post
I am looking to improve my trade management (or over-management) by getting out of my own way so to speak through the use of ATMs on Ninja - mostly scalping 10-15 ticks. I've looked at a few ATM related threads but didn't see exactly what I seek.

If anyone would like to share the ATM strategies they are using to better manage their trades and the logic behind the strategy. It also would be helpful if you post screenshots of the ATM strategies - target and stop.

I use ATMs a lot. My standard-ATM is:
SL-20
T1 20
T2 40
T3 60
T2 BE+1 at 20
T3 BE+1 at 40

This is what I get when I enter a trade, but I am adjusting the orders as needed after entry, tighten stop to where I want it, as -20 is my max hard stop risk threshold, tightening or extending targets and all of that.
So I don't use the ATM for entering fire and forget trades.
I rather have the ATM to immediately give me all orders I want anyways and then I go and adjust them to my needs/market context.

vvhg


Hic Rhodos, hic salta.
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 trendisyourfriend 
Quebec Canada
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You might want to check these two commercial products:

Risk manager:
Risk Manager v2 | Position Sizing | NinjaTrader Indicator - YouTube

Profit manager:
Profit Manager V2 | Trailing Stop | Ninja Trader Indicator - YouTube


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 monpere 
Bala, PA, USA
 
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TrendTraderBH View Post
I am looking to improve my trade management (or over-management) by getting out of my own way so to speak through the use of ATMs on Ninja - mostly scalping 10-15 ticks. I've looked at a few ATM related threads but didn't see exactly what I seek.

If anyone would like to share the ATM strategies they are using to better manage their trades and the logic behind the strategy. It also would be helpful if you post screenshots of the ATM strategies - target and stop.


You should specify your stop/target management management details, and someone might be able to help you set it up as an ATM. Remember that ATM's have limited use, and can only do rather basic auto trade management. For more complex stop/target management, you may have to custom code it using NinjScript.


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  #6 (permalink)
 TrendTraderBH 
Detroit, Michigan
 
Experience: Beginner
Platform: Ninja Trader
Trading: Futures
Posts: 319 since Nov 2011
Thanks Given: 598
Thanks Received: 303

Looking for a bit more input here.

My style is scalper - most taking anywhere from 6 ticks to 15 ticks on trades.

Based on those targets and trading CL and GC what trailing stop amount would work best and at what point should it be engaged?

Thanks all!


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Last Updated on August 8, 2012


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